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BAJFINANCE - Bajaj Finance News Story

₹3303 -27.2  -0.8%

Last Trade - 22/09/20

Sector
Financials
Size
Large Cap
Market Cap £21.04bn
Enterprise Value £32.39bn
Revenue £2.89bn
Position in Universe 12th / 3010

BUZZ-India's Bajaj Group financial firms hit record highs on strong results

Fri 20th July, 2018 7:49am
(Adds brokerage comments, shares of Bajaj Finserv)
    ** Shares of Indian non-banking financial firm Bajaj Finserv
 BJFS.NS  and unit Bajaj Finance Ltd  BJFN.NS  climb 5.7 pct and
6.7 pct respectively to all-time highs
    ** Kotak Institutional Equities raises TP for Bajaj Finserv
to 6,100 rupees from 5,900 rupees to factor in higher value of
Bajaj Finance, but downgrades to "reduce" from "add"
    ** Bajaj Finserv posted 41 pct surge in consolidated Q1
profit on Thursday
    ** Jefferies raises TP for Bajaj Finance to 2,900 rupees
from 2,400 rupees; keeps "buy" rating
    ** Bajaj Finance posted another strong quarter and its core
fundamentals are intact - Jefferies
    ** Bajaj Finance reported 81 pct surge in June-qtr
consolidated PAT on Thursday  urn:newsml:reuters.com:*:nFWN1UF02Q
    ** Valuations appear steep for Bajaj Finance, but this may
sustain unless growth slows or asset quality slips, which is
unlikely in near term - Jefferies
    ** Stocks among top pct gainers on Nifty 50 Index  .NSEI    
    ** Shares of Bajaj Finance had gained 43 pct this year as of
last close, while Bajaj Finserv had risen 20.4 pct

 ((Reuters Messaging:
chris.thomas.thomsonreuters.com@reuters.net))
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